Deltic Energy, previously referred to as Cluff Natural Resources, has considerably boosted fuel volumes and decreased threat profile on the Selene prospect positioned within the UK North Sea.
The Selene prospect is positioned in P2437 license within the Southern North Sea.
Deltic revealed in June that, along with its associate Shell, it had remained dedicated to drilling the Selene prospect regardless of the consequences of the coronavirus pandemic in the marketplace.
While the Selene nicely remained in plans, it was postponed and slated to be drilled in 2022.
Deltic mentioned on Tuesday that there had been a fabric enhance within the estimated quantity of fuel in comparison with earlier estimates in addition to a big enhance within the likelihood of success in relation to the Selene prospect.
According to Deltic, this course of has comprised a substantial quantity of labor in relation to the prevailing reprocessed 3D seismic and utilised an revolutionary technological strategy to depth conversion which was undertaken by a joint Deltic-Shell crew.
Further work on the depositional atmosphere, structural historical past, fuel cost timing and reservoir high quality prediction was additionally accomplished as a part of this course of.
Results from this technical evaluation point out that the Gas Initially In Place (GIIP) volumes related to the popular Selene interpretation have been considerably elevated and additional potential upside has additionally been recognised within the in-place useful resource calculations whereas on the identical time the geological likelihood of success (GCoS) has additionally been considerably improved.
Further work will deal with potential improvement eventualities, estimation of restoration elements, and mission economics that are required to assist the nicely funding choice previous to the proposed 2022 drilling exercise.
Graham Swindells, CEO of Deltic, commented: “The considerably elevated fuel volumes and decreased threat profile additional cements the significance of Selene as one of many largest undrilled Leman Sandstone constructions on this mature play.
“We are inspired by the extent of technical and human assets being deployed on this mission by Shell and can proceed to work with them in direction of securing a agency drilling dedication for the proposed 2022 nicely on Selene”.
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